Consumer confidence is critical to achieving a robust real estate market. Both buyers and sellers benefit when consumers are feeling good in the overall economy. Confidence rose 13% in July and is at its most favorable reading since September 2021. We’ve been feeling the positive effects in our local market already with an uptick in sales activity in the month of July which is typically a slower month for real estate. As we start the month of August:
Our advice to buyers: Activity has been picking up and we anticipate an even more active fall selling season. Until then, inventory will be scarce and it’s getting a bit more competitive out there. If you find a home you like act fast.
Our advice to Sellers: Now is the time to get your home ready for the fall market. We anticipate a good selling season to heat up again right after labor day. We think the earlier the better this year, so try not to wait too long as we get further into the fall. Our crystal balls can’t see that far out this year.